RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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NEC ESTABLISHES COMMITTEE TO ADDRESS N702.9BN COST OF LIVING ALLOWANCE FOR WORKERS.(PHOTO).

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NEC ESTABLISHES COMMITTEE TO ADDRESS N702.9BN COST OF LIVING ALLOWANCE FOR WORKERS


NEC Establishes Ad Hoc Committee to Address Nigerian Workers' Hardship After Fuel Subsidy Removal
In response to the challenges faced by Nigerian workers due to the removal of fuel subsidy, the National Economic Council (NEC) has taken action by setting up an ad hoc committee. The committee's primary objective is to find effective measures to alleviate the suffering experienced by workers across the country.

According to a statement from the Office of the Vice President, the council has granted the committee a two-week timeframe to explore two proposed scenarios put forth by the National Salaries Wages and Income Commission (NSWIC). The statement highlights that this decision was made during the inaugural NEC meeting chaired by Vice-President Kashim Shettima, following its establishment by President Bola Tinubu.

Mr. Ekpo Nta, the Chairman of NSWIC, has recommended two key measures to address the situation. Firstly, he suggests reviewing the national minimum wage to ensure it reflects the current economic realities. Additionally, he proposes the creation of a cost of living adjustment allowance, amounting to N702.9bn, to mitigate the adverse effects of the subsidy removal on workers.

During the meeting, the NEC also provided an update on the nation's financial accounts. It was reported that the Excess Crude Account stands at $473,754.56, the Stabilisation Account at N26.6bn, and the Natural Resources Fund at N96.9bn.

 

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